Decades of class war have left most Americans nearing retirement woefully unprepared, says Stephen Lendman, an American writer & Radio Host. Speaking to U.S.Desk, Lendman further explained about his article “America's Retirement Crisis”.

“Many problems plague America and one of them, which certainly gets virtually no attention in mainstream media, is retirement crisis,” he said. Lendman added that many people do not have any or have very very little wealth as they get close to their retirement age because wealth is being “extracted from ordinary people to rich elites. Rich people, who already have too much, they don’t need any more but they are getting more all the time so for three and a half decades this wealth disparity has grown,” he said. “Estimates are that for people to live minimally in retirement they need reserves of at least 20 times their average annual income. While most people may not even have one time their annual income. The Medicare I was promised, I have to pay more for. And the expense goes up annually. For decades income has stagnated or declined. Benefits have declined. The USA that I grew up in no longer exists. “ Lendman is the author of “Bankers Occupation”& “How Wall Street Fleeces America: Privatized Banking, Government Collusion and Class War.